PPFAS Unlisted Shares Trend
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₹18,250
₹18,250
Lot Size
10 Shares
Min. Investment
₹182,500
Parag Parikh Financial Advisory Services (PPFAS) is one of India's well-known investment management and financial advisory companies, recognized for its disciplined value investing philosophy and long-term wealth creation approach. Established in 1992, Parag Parikh Financial Advisory Services (PPFAS) initially began as an investment advisory and stock broking firm offering transaction and advisory services on the Bombay Stock Exchange (BSE), before expanding its presence to the National Stock Exchange (NSE). Over more than three decades, the company has evolved into a diversified financial services group with businesses spanning mutual funds, portfolio management services (PMS), wealth management, alternative investment management and global investment solutions.
Parag Parikh Financial Advisory Services (PPFAS) has built its reputation around research-driven investing, prudent risk management, transparency and an investor-first philosophy. Instead of focusing on short-term market movements, PPFAS follows a long-term investment strategy that emphasizes owning fundamentally strong businesses capable of generating sustainable shareholder value over extended periods. This disciplined investment framework has helped the company establish a strong brand among retail and institutional investors across India.
Today, Parag Parikh Financial Advisory Services (PPFAS) operates through multiple wholly-owned subsidiaries, including PPFAS Asset Management Private Limited, PPFAS Trustee Company Private Limited, and PPFAS Alternate Asset Managers IFSC Private Limited, while also expanding its presence in pension management and international investment offerings through GIFT City. This integrated structure enables the group to provide comprehensive investment solutions across multiple asset classes and investor categories.
The company has grown significantly over the years and, as of March 2026, manages Group Assets Under Management (AUM) of approximately ₹1.47 lakh crore, serves over 59 lakh unique investors, operates through 28 cities, and offers investment products across mutual funds, portfolio management services, wealth management and global investment platforms.
Business Segments
Parag Parikh Financial Advisory Services (PPFAS) operates through multiple financial service verticals that together create a diversified investment management platform.
Portfolio Management Services (PMS)
Portfolio Management Services remain one of the company's core businesses and are designed for investors seeking professionally managed investment portfolios. The flagship Cognito strategy follows a concentrated value investing approach based on intensive research, long-term ownership of quality businesses and disciplined capital allocation. Rather than holding a large number of stocks, the strategy generally maintains a focused portfolio while avoiding excessive diversification, with investments driven by business fundamentals instead of short-term market trends.
In addition to discretionary portfolio management, Parag Parikh Financial Advisory Services (PPFAS) also offers a Multi Asset Non-Discretionary Strategy, allowing investors to retain control over investment decisions while investing across multiple financial instruments such as equities, bonds, mutual funds, REITs, InvITs, government securities, money market instruments and other SEBI-permitted investment products based on individual investment objectives.
Asset Management
Asset management has emerged as the largest business vertical of Parag Parikh Financial Advisory Services (PPFAS). Through PPFAS Asset Management Private Limited, the company manages a broad range of mutual fund schemes built around its long-term value investing philosophy. The business has witnessed strong growth in assets under management, investor folios and systematic investment plans (SIPs), supported by increasing participation from retail investors across India. As of March 2026, the asset management business managed quarterly average assets exceeding ₹1.52 lakh crore, reflecting the company's expanding presence in the Indian mutual fund industry.
Wealth Management
Parag Parikh Financial Advisory Services (PPFAS) provides wealth management and financial advisory services focused on investment planning, portfolio advisory, succession planning, tax optimisation and long-term wealth creation. The business caters to individuals and families seeking customised financial solutions backed by research-driven investment advice and disciplined portfolio management.
Global Investment Platform
The company has expanded its international presence through PPFAS Alternate Asset Managers IFSC Private Limited operating from GIFT City, enabling investors to access global investment opportunities while following the same long-term investment philosophy that has defined the PPFAS brand.
Investment Philosophy
A distinguishing characteristic of Parag Parikh Financial Advisory Services (PPFAS) is its disciplined value investing approach. The company believes that wealth creation requires patience, business ownership and long-term thinking rather than frequent portfolio churn. Investment decisions are supported by extensive research, prudent risk management and a strong focus on capital preservation. Transparency, accountability and alignment of investor interests remain central to the company's operating philosophy, helping build long-term trust among clients and investors.
Distribution Network and Customer Reach
Parag Parikh Financial Advisory Services (PPFAS) has established a diversified distribution network comprising independent financial advisors, registered investment advisors (RIAs), fintech platforms, banks, national distributors, wealth managers and direct investment channels. The company has also witnessed steady growth in active SIP accounts, investor participation and distributor network, reflecting the increasing acceptance of its long-term investment philosophy across India.
Financial Strength and Growth
Parag Parikh Financial Advisory Services (PPFAS) has demonstrated strong operational growth through expanding assets under management, increasing investor base and consistent profitability. The company's diversified business model, asset-light operations and research-driven investment framework have enabled it to generate healthy returns while maintaining a debt-free balance sheet. Growth across mutual funds, portfolio management services and wealth management continues to strengthen the overall financial position of the group, making Parag Parikh Financial Advisory Services (PPFAS) one of the prominent investment management companies in India.
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2023 | FY 2024 | FY 2025 | Trend |
|---|---|---|---|---|
| Revenue from operations | ||||
| Interest income | - | 1.25 | 14.65 | |
| Fees and commission Income | - | 21,247.62 | 37,587.88 | |
| Net gain on fair value changes | - | 7,378.03 | 5,281.03 | |
| Total Revenue from operations | 14,480.62 | 28,626.90 | 42,883.56 | |
| Other income | 158.17 | 16.12 | 25.76 | |
| Total Income | 14,638.79 | 28,643.02 | 42,909.32 | |
| Expenses | ||||
| Finance costs | - | 18.08 | 76.36 | |
| Employee benefits expense | 2,868.97 | 4,933.29 | 6,291.38 | |
| Depreciation and amortisation | 192.40 | 293.39 | 533.45 | |
| Other expenses | 1,272.12 | 1,706.20 | 2,432.55 | |
| Total expenses | 4,333.49 | 6,950.96 | 9,333.74 | |
| Profit before exceptional items and tax | 10,305.30 | 21,692.06 | 33,575.58 | |
| Exceptional Items | - | - | ||
| Profit before tax | (0.06) | 21,692.06 | 33,575.58 | |
| Tax expense | ||||
| Current tax | 2,648.05 | 3,709.21 | 7,811.98 | |
| Deferred tax | 5.82 | 878.48 | 1,103.40 | |
| Net tax expense | 2,653.87 | 4,587.69 | 8,915.38 | |
| Profit for the year | 7,651.49 | 17,104.37 | 24,660.20 | |
| EPS (In ₹) | 99.87 | 223.06 | 321.45 |
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2023 | FY 2024 | FY 2025 | Trend |
|---|---|---|---|---|
| Assets | ||||
| Total Financial assets | 23,171.97 | 40,611.62 | 65,387.13 | |
| Total Non-Financial assets | 2,444.90 | 2,862.18 | 4,827.38 | |
| Total Assets | 25,616.87 | 43,473.80 | 70,214.51 | |
| Liabilities and Equity | ||||
| Liabilities | ||||
| Total Financial liabilities | 276.90 | 290.80 | 1,246.40 | |
| Total Non-Financial liabilities | 1,280.84 | 2,435.00 | 4,084.28 | |
| Equity | ||||
| Equity share capital | 766.81 | 766.81 | 769.59 | |
| Other equity | 23,292.32 | 39,981.19 | 64,114.24 | |
| Total Equity | 24,059.13 | 40,748.00 | 64,883.83 | |
| Total Liabilities and Equity | 25,616.87 | 43,473.80 | 70,214.51 |
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2023 | FY 2024 | FY 2025 | Trend |
|---|---|---|---|---|
| Cash flow used in operating activities | ||||
| Profit before tax | 10,305.30 | 21,692.06 | 33,575.58 | |
| Adjustments | (130.17) | (7,706.52) | (5,997.86) | |
| Cash from operations | 10,175.13 | 13,985.54 | 27,577.72 | |
| Taxes paid | (2,757.69) | (3,729.07) | (7,743.45) | |
| Net cash generated from operating activities | 7,417.50 | 10,256.47 | 19,834.27 | |
| Cash flow from investing activities | ||||
| Net cash used in investing activities | (7,462.89) | (9,671.57) | (19,000.74) | |
| Cash flow from financing activities | ||||
| Net cash used in financing activities | 28.76 | (510.48) | (917.47) | |
| Net increase/(decrease) in cash and cash equivalents | (16.63) | 74.42 | (83.94) | |
| Cash and cash equivalents as at the beginning of the year | 66.40 | 49.77 | 124.19 | |
| Cash and cash equivalents as at the end of the year | 49.77 | 124.19 | 40.25 |
Track historical financial performance, profitability, and valuation metrics of Parag Parikh Financial Advisory Services Unlisted Shares through interactive charts based on reported financial data.
Debt-Free Business
PPFAS maintained a debt-free balance sheet with a Debt-Equity Ratio of 0.00x in FY2024-25 while reporting a healthy Return on Equity (ROE) of 46.69%. The company's asset-light business model and strong profitability contribute to efficient capital utilisation and financial strength.
Diversified Platform
Beyond mutual funds, Parag Parikh Financial Advisory Services (PPFAS) operates across portfolio management services (PMS), wealth management, pension solutions and GIFT City-based global investment offerings. This diversified business model reduces dependence on a single revenue stream and supports long-term growth.
Asset Growth
PPFAS has witnessed strong expansion in its investment management business, with Group Assets Under Management (AUM) reaching approximately ₹1.47 lakh crore and serving over 59 lakh unique investors as of March 2026. The growth reflects increasing investor confidence in the company's long-term investment strategy.
Value Investing
Parag Parikh Financial Advisory Services (PPFAS) has built its business around a disciplined value investing philosophy, focusing on long-term wealth creation through research-driven stock selection rather than short-term market movements. This investment approach has been a key differentiator for the company for over three decades.
We haven't recorded any regulatory updates for Parag Parikh Financial Advisory Services Unlisted Shares.
There are currently no active or upcoming share buyback programs announced for Parag Parikh Financial Advisory Services Unlisted Shares.
| Particulars | Year | Dividend |
|---|---|---|
| Dividend | 2023 | ₹5.50 per share on a face value of ₹10 each |
| Dividend | 2024 | ₹8.60 per share on a face value of ₹10 each |
| Dividend | 2025 | ₹15 per share on a face value of ₹10 each |
There are no historical records of face-value stock splits for Parag Parikh Financial Advisory Services Unlisted Shares in our database.
We haven't tracked any bonus share issuances allocated to shareholders of Parag Parikh Financial Advisory Services Unlisted Shares.
No rights issue offerings are currently recorded or available for Parag Parikh Financial Advisory Services Unlisted Shares.
PPFAS Flexi Cap Fund has raised exposure to beaten-down IT stocks as Rajeev Thakkar says AI fears around outsourcing look overdone.
PPFAS Mutual Fund introduced the Rs 250 choti SIP facility across five schemes to encourage first-time investors and improve financial inclusion. The initiative allows eligible investors to start monthly SIPs with low-ticket investments under specific conditions prescribed by SEBI and AMFI.
Annual reports, DRHP, or quarterly result documents are not currently available or match your filters.
81/82, 8th Floor,
Sakhar Bhavan,
Ramnath Goenka Marg,
230, Nariman Point,
Mumbai - 400 021,
Maharashtra, INDIA
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PPFAS Unlisted Shares Trend
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